Rehabbing

Sometimes it takes vision to create wealth. Vision is something that Bill Gates had even in the face with a huge company like IBM telling him he was wrong. The type of vision I am speaking of is seeing a property for what it can be not what it currently is. IBM told Bill Gates that there wasn’t a market for personal computers. The vision you need to have in working with rehabs will not face the scrutiny that Gates did however, it may feel like it at times.  read more »

Rehabbing property is a great way to make money in Real Estate. Two essentials to making money are knowing where to budget money for the project (what will give the greatest return?), and how to analyze the home and market conditions. Refer to my article “Before you Buy Do This…” for information on property and market analysis. The topic that I want to briefly cover is where to spend money to get the best return on reading.  read more »

Its no secret that people have become Millionaires using Real Estate as their vehicle to wealth than any other method. It is said that McDonald’s is not in the food business they are in the Real Estate business. If you look at their property and the property values you’d agree. Before becoming a Realtor and an Investor I communicated with a number of wealthy people across the World, and the one thing that almost everyone of my wealthiest clients had in common was ownership or past ownership in Real Estate. With my point being made the issue for you becomes how do you make money yourself?  read more »

You see a couple dressed in Hawaiian shirts sipping cocktails poolside. They smile and say “we made $70,000 on our first deal and haven’t picked up a finger since.” Another guy holds up an over sized check for $125,000 and gushes over his latest deal. Flipping properties and rehabbing and selling is always a hot-topic when it comes to Real-Estate investments. The late-night TV gurus have been selling people on this concept since the conception of Cable TV. As is true about every investment avenue people make money and people lose money.  read more »